Netflix to lay off about 1,000 employees in biggest cuts since 2022
Streaming company faces tough competition for viewers and engagement from legacy rivals and YouTubeNetflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and YouTube.The bulk of the job cuts would be…
Streaming company faces tough competition for viewers and engagement from legacy rivals and YouTubeNetflix is laying off 6% of its workforce, or roughly 1,000 employees, in its biggest cuts since 2022, according to an internal memo seen by Reuters, as the streaming pioneer faces tough competition for viewers from legacy rivals and YouTube.The bulk of the job cuts would be…
